Finance Commission Chairman Vijay Kelkar today said domestic fuel prices should be allowed to move in line with global prices, while the poor should be protected through direct cash support.
“We must accept energy prices are going to be high. We should allow prices to move… There should be direct cash transfers to protect the vulnerable, instead of through low prices,” Kelkar said at the 8th Petro India conference here.
“We should learn to pass on the prices. Price flexibility is one way of attacking volatility,” he said.
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